Owasso Estate Lawyer, Oklahoma, page 6

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John Peter Newhouse

Dispute Resolution, Corporate, Trusts, Contract
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Jorjana Beaubien Marx

Wills, Estate Planning, Estate, Elder Law
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Matthew E. Riggin

Estate, Bankruptcy, Bankruptcy & Debt, Foreclosure
Status:  In Good Standing           Licensed:  32 Years

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Cara Collinson Wells

Estate
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John B. Stuart

Insurance, Trusts, Employment Discrimination, Personal Injury
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Kim Vojvoda

Estate Planning, Elder Law, Wills & Probate, Guardianships & Conservatorships, Tax
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Brian Craig Been

Accident & Injury, DUI-DWI, Criminal, Wills & Probate, Divorce & Family Law
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Maureen J Knudson

Dispute Resolution, Wills & Probate, Estate Planning, Elder Law
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Richard Royce Stutsman

Oil & Gas, Gift Taxation, Commercial Real Estate, Tax
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Lynn S Worley

Criminal, Elder Law, Real Estate, Wills & Probate
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LEGAL TERMS

CONSERVATOR

Someone appointed by a judge to oversee the affairs of an incapacitated person. A conservator who manages financial affairs is often called a 'conservator of th... (more...)
Someone appointed by a judge to oversee the affairs of an incapacitated person. A conservator who manages financial affairs is often called a 'conservator of the estate.' One who takes care of personal matters, such as healthcare and living arrangements, is known as a 'conservator of the person.' Sometimes, one conservator is appointed to handle all these tasks. Depending on where you live, a conservator may also be called a guardian, committee or curator.

HOLOGRAPHIC WILL

A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many stat... (more...)
A will that is completely handwritten, dated and signed by the person making it. Holographic wills are generally not witnessed. Although it's legal in many states, making a holographic will is never advised except as a last resort.

QDOT TRUST

A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spo... (more...)
A trust used to postpone estate tax when more than the amount of the personal federal estate tax exemption is left to a non-U.S. citizen spouse by the other spouse. QDOT stands for qualified domestic trust.

HEIR AT LAW

A person entitled to inherit property under intestate succession laws.

AB TRUST

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of... (more...)
A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter trust.

CHARITABLE TRUST

Any trust designed to make a substantial gift to a charity and also achieve income and estate tax savings for the person who creates the trust (the grantor).

FAILURE OF ISSUE

A situation in which a person dies without children who could have inherited her property.

IRREVOCABLE TRUST

A permanent trust. Once you create it, it cannot be revoked, amended or changed in any way.

HEIR APPARENT

One who expects to be receive property from the estate of a family member, as long as she outlives that person.